The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-25
FINANCE AND COMMERCE.
q 8 Per cent, New York Ex
" change Par Selling.
cotton Easy - Mfddifng Cosson'
q l5-I6e-sales To-day lA0O
BALES.

hPrEAL OFFlCE, |
bAsvsDAY EVENING, September "A, 1887.
The money market remains very
Arm, with rates s psr cent.
The New York Commercial Bulletin
remsrks that "is Is not easy to under
stand why holders of government Al
per cents should decline to accept the
Treasury offer Of 1854 for them. The
bonds have but four years to run, 60
that the present premium OF s per
cont. will be lost during that time.
The loss is equivalent to 2 per cent.
per annum, which makes the net al.
nual return TO holders from now until
matuturity only q per cent. Ger.
tainly there aye plenty Of absolutely
safe and long date investments that
would yield q much higher rate OF In.
terest. The government finds its ad.
vantage in buying the bonds on these
terms In the fact that, having no
remuuerativs use for Its money, 1t
saves $40 Of the SIS, on every 800.
which it would have to pay as interest
during the next four years."
The local cotton market closed easy
and unchanged. At New Orleans
spots closed easy, futures quiet and
steady, and of to 2 points. New
York Apots closed easy, with futures
very steady; September of 2 points
and the late months up point. A
leading New York cotton circular, OF
date the oath, says Of the future mar
ket: "The market for cotton con-
tracts was only moderately active, but
on the whole pretty stesdy. During
the early portion O. the dag Q few
points were lost, bat later the do.
mand was increased and final rates
were generally about the same az last
evening, with considerable strength
. shown. September was without nc
ticesble strength, and expectations OF
q final squeeze are practically aban-
doned. Liverpool closed dull, tending
downward, with futures of to 2
f, points.
Mr.. spreckelr, the California sugar
man uiscturer. believes that beet sugar
making, with hi, new machinery pro-
. cured In Germany, will create one Of
the greatest industries in the United
States. He will establish beet sugar
factory In Caliionis, and large enough
10 use $50 IONS Of beels day, produo-
ing forty tons Of sugar. While in
Germany he purchased twenty We
tons Of beet sugar seed, which will ar
rive In December.
InLske county Florida, movement
has been started, which is rapidly
spreading all over the State, for the
organization OF a Shipper Union TO
regulate the sale and ehipment Of
oranges, lemons and other fruits. The
plan 10 10 dispense with tho present
commission men In the Northern and
Western cities aud place there inhte Vi
trusted SCENTS Of the union.
IHPcRrs.
Forty bis apples, 500 rolls baegiug,
1853 pkss bscou, S23 pkss boots and
shoea, $50 bu corn, 90 sks coffee, 1914
SKIS cotton teed, liz pkgs dry goods, 80
phys eggs, 9is brls -four, 962 hales
hay, 80 pigs hats, 10 head hogs, As
bead sheep, IL read c,ttle, ~ heed
horses aud mules, us pkgs lard, 81, COO
feet lumber, 81 pkg liqgore, 325 brls
lime, So bfla mesl, 9i5 kegs nailp, H..
COO bu oats, 70 brs unione, 81 brls
potatoes, 81 brs pork, 7 cars po. k
sldes, % pkg, rice, $50 brls sugar, 226
pkgs tobacco sud $50 bu wheat.
KLkyAToR REPORTS.
The following shows the amount oil
grain received, vithdfa4n and IN Q ore
by regular elevators, a. reported 10 the
Merchants Exchange today: Wheat
In store. 5l,zl3 bushels. Corn re
celyed, $50 bnshes; Withdrawn, 1885
bughels; in store, 5S05 bushels. OAiI
received. COS bushels: withdrs an, S7C
k..k.la. L.. ag.x. 40 kQt karhaia